car repossession

Your Car Has Been Repossessed – Now What?

Was your car recently possessed and now you’re searching for ways to get it back? If so, you’ve come to the right place!

In this article will provide you with real tips that you can use for getting your repossessed car back.

Tip 1 – You Have to Act Quickly

One of the most important things that you must do to get back a repossessed car is to act quickly.

Each state has their own specific laws regarding how you can get back a car that’s been repossessed but the most important thing that you should do regardless of where you live is to take matters into your own hands.

Start negotiating with the lender so that you can have your vehicle back in your driveway and start driving again.

Depending on the lender, you may have as little as two weeks before they decide to auction off your vehicle that’s why speed is of the essence when your car has been repossessed.

Once the lender does put the vehicle up for auction, they are required to notify you of their intent to sell the vehicle but, depending upon where you’re located you may be unable to attend the auction and get your vehicle back that’s why it’s important for you to start negotiating directly with the lender immediately so that you can facilitate the return of your car.

Tip 2 – Money Talks

Yes, it’s true, money always talks when you’re dealing with the lender, especially when it comes to a repossessed car so it’s important for you to be ready for the sticker shock of having a catch up any money that you’re behind on paying your lender.

You may also be asked to pay them for towing or transport fees just so that you can get your car back in your driveway or they may give you the address for the impound yard where your vehicle is currently at so that you can go and pick it up yourself.

Tip 3 – Determine If You Should Go to Court

Last of all, but most important, you should determine if it’s worth going to court to fight your lender over the repossession.

You may be able to legally stop them from selling your car if they engaged in illegal or aggressive tactics to repossess it so if you if you feel like you’ve been taken advantage of by your lender, you shouldn’t hesitate to get legal representation immediately to take your lender to court if needed.

You may also have the right to take your lender to court even if the vehicle was sold at auction.

Over the last five years, following the last economic recession, many people who leased vehicles and had them repossessed woke up to the harsh reality that their car, truck, or van was sold at auction for less than what it was worth.

You may also be able to take the lender to court if they fail to return personal property to you that was left in the vehicle.

Going to court should be the last resort because, if you start communicating with your lender immediately once you fall behind on your payments, they may be able to work out an arrangement with you which helps you to avoid letting your auto loan fall into default and the eventual vehicle repossession in the first place.

Get paid cash for your junk car

Do you have an older vehicle that’s been sitting in your driveway or on your property and It’s not running? If so, why not get paid cash for your junk car?

Every junk vehicle is worth money thanks to that wide variety of precious metals and minerals in the vehicle which can be recycled, melted down and used in other cars, trucks or products.

Before selling your vehicle for the lowest amount of money possible contact Cash for Cars 24 today by CLICKING HERE or calling (888) 913-5816.

Leave a Reply

Your email address will not be published. Required fields are marked *